Price Action: The chart shows significant volatility:
Initial sharp recovery but followed by bearish candles in recent periods.
Price tried to go up but faced resistance around the 1.8 USDT level, creating a potential lower high.
Current price at 1.684 sits above recent lows (1.656) but is struggling to maintain momentum.
Volume:
Monthly volume remains low to moderate.
No clear sign of strong buyer participation to push the price higher.
Moving Averages:
MA(7) (short-term): 1.088 The price is well above this short-term average, indicating that the market has already seen a bullish move but could now correct lower.
MA(25) (medium-term): 0.966 This is a strong baseline—if price drops, the MA(25) might act as support.
Support & Resistance (Monthly View):
Support: Around 1.656—a critical level to watch. Breaking this could lead to further downside.
Resistance: Near 1.839 (recent high). Bulls must push above this to signal a stronger uptrend.
Monthly Trend Analysis
Bearish Indicators:
The past few candles show rejection near highs and larger red candles, indicating sellers dominating toward month’s end.
Lower highs are forming, showing a loss of bullish strength.
Neutral Signs:
The price is still above the moving averages (MA7 and MA25), meaning a full trend reversal has not yet occurred.
Support at 1.656 is still holding for now.
What Could Happen:
If support (1.656) breaks: Expect a continuation downward to retest lower levels around 1.4–1.5.
If price holds above 1.656 and volume increases: We could see a bounce back toward 1.8.
Conclusion (1-Month Timeframe)
Bias: Slightly bearish with a risk of correction.
Why?
Lower highs, weak buying volume, and rejection at resistance signal sellers’ strength.
Key Level to Watch:
1.656: A break below signals more downside.
1.839: Bulls need to break this resistance for an upward move.
Outlook: Likely to trend down if no strong buying volume appears to support the price.
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$BIGTIME is on a strong streak after confirming $0.087 support, with $0.15 in sight! With Web3 gaming projects such as $ILV and $SHRP gaining popularity, $BIGTIME is set for significant growth. Volume is growing, indicating more investor interest and the possibility of a significant breakout!
XNO/USDT Weekly Analysis: Navigating the Recent Downtrend and Future Prospects
Recent Downtrend Analysis Over the past week, XNO/USDT experienced a sharp decline, dropping by 13.56% to its current price of 1.454 USDT. This downward movement was accompanied by a significant spike in trading volume, signaling heightened market activity likely driven by panic selling. The price broke below key moving averages (MA7 and MA25), reinforcing a bearish sentiment in the short term. Key support was tested at 1.37, and the price has since rebounded slightly. However, resistance levels